This week we explore the price movements of gold, silver, US dollar, equities, and more amid the rumors of a potential interest rate rise? Have the markets already priced in an anticipated interest rate rise?
John Williams, founder of ShadowStats, calculates inflation using the same methodology that the government used to have for calculating the consumer price index (CPI).
Williams told David Lin, anchor for Kitco News, that the true headline CPI number is loser to 15%, not 7%, as reported by the Bureau of Labor Statistics.
Here's why the government has a political incentive to "suppress" the reported inflation number.
JP Cortez of the Sound Money Defense League discusses with David Lin, anchor for Kitco News the importance of eliminating sales taxes on physical gold and silver, which he considers "sound money".
Demetri Kofinas speaks with Julius Krein, the editor of American Affairs, a quarterly journal of policy and political-economy that delves into the deeper sociopolitical, cultural, and economic issues facing America and other Western countries.
The episode is broken into two parts, the first hour of which focuses on issues of political-economy, policy, and market dynamics that have driven the American economy into a state of “proletarianization,” where its citizens are increasingly ruled by an oligarchy of global elites whose insatiable appetite for wealth and power is endangering the very systems of free-market capitalism and liberal democracy that this kakistocracy claims to uphold.
It’s an outcome that Julius Klein would refer to as “capitalism without competence and feudalism without nobility.”
The second hour of today’s conversation is, unsurprisingly, the most satisfying insofar as Demetri and Julius tackle the socio-political and cultural dimensions and manifestations of the problems created by the perversions of what was earlier described as the “proletarianization” or conversion of the American economy and political system into a more corrupt, upwardly sclerotic, and extractive system of governance than anything experienced in America since at least the Gilded Age.
What separates Jim from millions of his fellow financial journalists, commentators, and authors is the historical perspective that he brings, informed not just by the immense volume of books and periodicals that he’s consumed over the course of his lifetime, but primarily by the wisdom of his own lived experiences and lessons learned from the experiences of others that he’s had the privilege to know and interview over the course his life.
Tom welcomes macro money manager, bond king, and financial planner Steven Van Metre back to the show. Steven answers several listener questions later on in the show.
Steven discusses his latest video on why Q.E. does not mean money creation. The Fed is just swapping assets and forcing money into the commercial banking system.
Two main banks are absorbing most of the stimulus money. Most money is stored in the banking system and is not moving. They want to suppress and lower interest rates while pushing the dollar higher. The bond market doesn't work the way most people think.
Investors need to understand this system because it will explain most things. The pandemic created many supply issues and caused a lot of money to flow back to the United States.
This is now impacting foreign countries which are dollar starved. Steven is concerned that most investors are in the wrong asset classes and don't understand how bonds work.
We're going to see interest rates move lower and the economy will likely head down.
India released 5 million barrels of oil from its strategic petroleum reserves (SPR) in coordination with other countries including the United States, China, Japan and South Korea.
The move is part of efforts led by U.S. President Joe Biden's for a coordinated release of stockpiles from large government SPRs.
The West is in ignorant bliss as China buys up the gold. What exactly does Powell mean by "Transitory Inflation". Germans call Christine Lagarde "Madame Inflation".
Thank you for listening to the McAlvany Weekly Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and financial information that cannot be found on Wall Street.
This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.
Rising prices are amongst the many problems that the Biden Administration has created for the American people.
But is Biden solely responsible for it? No.
Previous Republican and Democrat administrations made their contributions with record government spending & the debts that they accrued.
But the source of the inflation problem is always The Federal Reserve. For it is the unconstitutional counterfeiter that enables the politicians to destroy the economy.